Notice of the First Shareholders' Meeting of 2006

Liaohe Jinma Oilfield Co., Ltd.
Notice of the First Shareholders' Meeting of 2006

The eighth meeting of the third board of directors of Liaohe Jinma Oilfield Co., Ltd. has decided to hold the first shareholders' meeting of 2006. The relevant matters are announced as follows:

1. Meeting Time and Place

• Meeting Time: April 7, 2006, at 9:00 AM
• Meeting Place: Conference Room, 3rd Floor, Company Building
• Convener: Board of Directors of the Company
• Voting Method: On-site voting

2. Meeting Agenda

1. Review the proposal to amend the Articles of Association;
2. Review the proposal to abolish the Rules of Procedure for Shareholders' Meetings;
3. Review the proposal to abolish the Independent Director System;
4. Review the financial final accounts report for 2005;
5. Review the financial budget report for 2006;
6. Review the proposal for profit distribution for 2005.